Tax insights

Tax Insights

Tax updates for you and your business

We keep you up to date with the latest Australian and International tax news.

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Insights

Managing payroll tax risks for contractors

2 February 2023
Rick Kimberley
Whilst contractors have long been a focus of state revenue authorities, we have seen a significant increase in audit activity over the last 6 months, as well as a much more analytics-based review of contractor populations.
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Significant uncertainty remains after Guardian appeal decision narrows application of Section 100A

2 February 2023
Liam Telford, Simon Aitken
On 24 January 2023, the Full Court of the Federal Court of Australia handed down its decision in Commissioner of Taxation v Guardian AIT Pty Ltd ATF Australian Investment Trust [2023] FCAFC 3, dismissing the Commissioner’s appeal from the Federal Court decision1 insofar as it related to section 100A of the Income Tax A
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Wage complexity in the manufacturing sector

31 January 2023
Rick Kimberley
Employers have faced constant challenges with wage and superannuation compliance as high-profile underpayments and instances of non-compliance continue to occur.
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Updated market valuation guidance from the ATO

23 January 2023
Albert Meintjes, Liam Delahunty, Liam Telford
This Tax Insight examines the updated guidance issued by the Australian Taxation Office (ATO) in October 2022 on market valuation for tax purposes. Importance of Market Valuation in a Tax Context
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Payroll tax update for Queensland medical centres – the first domino to fall?

19 January 2023
Liam Telford, Peter Saccasan, Rick Kimberley, Sam Mohammad
On 22 December 2022, the Queensland Commissioner of State Revenue (the “Commissioner”) issued a significant payroll tax ruling covering payments made under common medical practice arrangements, Public Ruling PTA 000.6.1[1] (the “Ruling”).
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Recipient created tax invoices – will the proposed changes affect you?

16 January 2023
Sam Mohammad
The Commissioner of Taxation (the Commissioner) is proposing to update the rules relating to when recipients of taxable supplies are entitled to issue a recipient created tax invoices (RCTIs). 
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Federal Court decision provides increased clarity on the judicial approach to section 100A

12 January 2023
Liam Telford, Simon Aitken
Thawley J’s judgment in the recent Federal Court case of BBlood Enterprises Pty Ltd v Commissioner of Taxation [2022] FCA 1112 (“BBlood”) has provided increased clarity on the approach of the Australian judiciary to apply section 100A of the Income Tax Assessment Act 1936 (ITAA 1936)1
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How to use employee share schemes to attract staff in a skills shortage

9 January 2023
As a start-up founder, you no doubt know how important it is to find the right people at the right time to help you grow your business. People who have the skills to do great work, and who also share in your vision and values.
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Victorian Land Tax - statutory notifications due January 15

22 December 2022
Simon Aitken
The next deadline for statutory notifications for the Vacant Residential Land Tax and the Absentee Owner Surcharge is 15 January 2023. 
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ATO finalises guidance on trust reimbursement agreements

12 December 2022
On 8 December 2022, the Australian Taxation Office (ATO) clarified and confirmed its position on the application of section 100A of the Income Tax Assessment Act 1936 (ITAA 1936) with the release of Taxation Ruling TR 2022/4 and the Practical Compliance Guideline PCG 2022/2 (Section 100A reimbursement agreements - ATO compliance appr
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Tax Insights | November 2022 edition

30 November 2022
Cole Levy, Danielle Sherwin, Liam Delahunty, Liam Telford, Rick Kimberley, Sam Mohammad
November 2022 edition
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Electric car FBT bill passes both houses

30 November 2022
Liam Telford, Rick Kimberley
On 28 November 2022, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the “Bill”) finally passed Houses of Parliament, rendering its enactment a mere formality.
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Avoid the surprise from tax that might ruin your Christmas party

25 November 2022
Joanne Wynne
With the festive season around the corner, it is the time of the year when employers want to reward their employees’ hard work with Christmas parties and gifts.
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Are you giving the gift of FBT this Christmas? Let us help you avoid the FBT hangover

10 November 2022
Rick Kimberley
As the so-called ‘silly season’ gets underway and with many employers reverting to pre-pandemic norms around meal entertainment, it is the perfect time to consider what benefits are going to be provided to staff and how, with a little planning, you might be able to avoid a Fringe Benefits Tax (FBT) hangover.
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Fuel tax credits: Recent changes and what you need to know

3 November 2022
Cole Levy
After much confusion on eligibility to claim fuel tax credits when the federal government halved the excise on fuel in June 2022 on 29 September, the temporary reduction
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